Quote:
Originally Posted by 68style
I used a notary, but not for the reason you are thinking. I had to use one because of a personal situation from way back when, my condo was actually in my parents names with a trust letter and I needed a notary to file all the paperwork to move the title from them to me with the trust letter on file.
For the mortgage itself though, 30 days after the mortgage is paid off (28 days in my case) the bank sends a notification to the land title office saying they no longer have an interest in the property and they send you a discharge letter, removing themselves from it. You don't need to get a notary to do that so far as I'm aware. I did have to pester the bank quite a few times to do this though. Seems a bit strange to me that you'd need to pay a notary for anything, you can request paperwork from the land title office yourself if you really wanted.
My notary had to actually sit on the file for awhile waiting for the discharge notice before they could proceed with the title transfer from my parents to myself.
|
Yeah it seems weird to have to pay extra for the services of a notary/lawyer just to remove the bank off of title for what should be a routine transaction. Smells like a racket TBH.
My mom says back in the 90s she went to the Land Title Office herself and checked to make sure the bank was off the house. Sounded like such a Boomer "go shake the hand of the manager" story that I wasn't sure. I guess I'll check with the bank when it's time. I don't even know where the land title office is...is it in New West? Do they still let Joe and Jane Blow in during regular hours?